Legal Manager – Unsecured Lending

3 weeks ago

Mumbai, Maharashtra, India TechConnexions - Startup Hiring Specialists Full time
Job Description: Legal Manager – Unsecured Lending || BFSI/NBFCLocation: Mumbai, India Must-Haves (please read before applying):5+ years of BFSI experience in Unsecured Lending Collections (not secured loans, not practicing background).

Hands-on execution on field – recoveries, legal actions, and coordination with agencies.

Strong in Section 25, Arbitration, Police Complaints, and 90+ collections.

LLB is mandatory.

About the Role: We are seeking a Collections & Legal Manager with deep expertise in unsecured lending recoveries.

The role involves driving end-to-end legal recovery processes, field execution, and ensuring compliance while maximizing recovery rates.

About Company : A leading financial services company specializing in innovative lending solutions is seeking a seasoned Collections & Legal Manager with extensive experience in the BFSI sector, particularly in lending.

The ideal candidate will possess deep expertise in legal collections, including proficiency in handling Section 25, Arbitration, Police Complaints, and managing 90+ collections.

The role involves overseeing the entire collections process, spearheading legal actions, and ensuring strict compliance with regulations to optimize recovery rates while minimizing legal risks.

Key Responsibilities: Lead and manage recoveries for unsecured loan accounts (90+ DPD).

Drive Section 25 processes, Arbitration, Police Complaints, and legal drafting.

Liaise with law enforcement agencies, recovery organizations, and external legal counsel.

Collaborate with Risk, Compliance & Operations for seamless execution.

Ensure compliance with lending regulations and report recovery performance to management.

Candidate Profile: Proven success in managing legal recoveries in banks/NBFCs (not purely from a practicing background).

Strong knowledge of BFSI lending laws, collections strategy & compliance.

Excellent negotiation, drafting, and stakeholder management skills.

Experience with DRT/NCLT will be a plus.

Why Join Us?Competitive pay with performance-based incentives.

Opportunity to shape legal & collections strategy in unsecured lending.

A dynamic fintech environment with strong growth potential.

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